Stantec reported strong second quarter 2025 results, with net revenue increasing to $1.6 billion, a 6.9% year-over-year rise. This growth was primarily driven by 4.8% organic growth across all regional and business operating units. Notably, the Water segment achieved 12.4% organic growth, and Energy & Resources delivered 9.5% organic growth.
Adjusted EBITDA for the second quarter increased by 15.0% to $284.4 million, with the adjusted EBITDA margin expanding by 120 basis points to 17.8% compared to Q2 2024. Adjusted earnings per share (EPS) grew over 20% to $1.36. The company's performance reflects solid project execution and disciplined cost management.
Based on its strong year-to-date performance and recent acquisitions, Stantec increased its 2025 outlook. Net revenue growth is now projected at 10% to 12%, up from 7% to 10%. The adjusted EBITDA margin guidance was raised and narrowed to 17.0% to 17.4%, and adjusted EPS growth is now expected to be between 18.5% and 21.5%, an increase from the previous 16% to 19%.
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